The parties signing are Fujian Motors Group, Long Ma Industrial Co. Ltd, National Electric Vehicle Sweden AB and State Research Information Technology, SRIT.
Nevs will acquire 50% of the shares of New Long Ma and SRIT 15%. Fujian Motors Group remains as a 20% owner and Long Ma and others 15%.
Facts about New Long Ma:
Fujian New Long Ma Motor Co., Ltd. was established in April 1997 with a registered capital of RMB1.15 billion. New Long Ma Motor is affiliated to Fujian Motors Group Co., Ltd. who owns Fujian Benz- a commercial vehicle manufacturing base through cooperation with Daimler, a China listed vehicle company King Long Motor Group, and a JV between China Motor and Mitsubishi Motors called South East Motor.
New Long Ma official website http://www.newlongma.com/index.aspx
For more info about New Long Ma, please contact:
Mr. Wang Wei
Fujian Motor Group
+86 187 0501 2516